DBS changed its Mutiplier plan

[vddgnd]

Thank you @sglandscape for your great enlightenment. Hopefully Oct CASA % is not too low. MP extra 100k promo is until end Dec. Technically if CASA 100k in Oct, it will be till early Feb and extra 100k will be 0.05% from Jan to x Feb 26. Need to consider opportunity cost.

Hi! for existing Multiplier customer and newly join DBS Treasure in Sep, other than the app change colour to gold, no need do anything in Sep and only start to top up into multiplier from 01-Oct right?

 

[~sabaisabai~]

Hi! for existing Multiplier customer and newly join DBS Treasure in Sep, other than the app change colour to gold, no need do anything in Sep and only start to top up into multiplier from 01-Oct right?

Yes
Can top up tomorrow liao

 

[sglandscape]

Hi! for existing Multiplier customer and newly join DBS Treasure in Sep, other than the app change colour to gold, no need do anything in Sep and only start to top up into multiplier from 01-Oct right?

The higher rate the most important, don't care if colour is gold, red or blue.

 

[turtle2018]

Hi! for existing Multiplier customer and newly join DBS Treasure in Sep, other than the app change colour to gold, no need do anything in Sep and only start to top up into multiplier from 01-Oct right?

The "Invitation" in the App states: "This special Multiplier offer is exclusive to the first 3,000 targeted new DBS Treasures clients on a first-come, first-served basis".

So, for the newly joined Treasures members, how do you know you are among the "first 3,000"?
Did you receive any confirmation e-mail message, or confirm with your RM?

For me, I submitted on-line interest using the "Invitation" link on 21 Sep, received a generic Welcome e-mail from my assigned RM on 27 Sep. I dropped a few queries to him via e-mail (esp. on CASA stacking), but have not received any phone call or e-mail reply from him yet

 

[turtle2018]

He said fresh funds needed only for AI promo ie 350k. U just need to top up existing MP acc. Min 150k,max 200k. Officially, cannot stack with other promo but if u already have Casa till Jan, can keep it. But he also said can speak to RM on Casa.

Have u re-confirmed with your assigned RM that the existing branch CASA in Sep will continue to be in-force even with the Treasures-exclusive Multiplier?

 

[~sabaisabai~]

The "Invitation" in the App states: "This special Multiplier offer is exclusive to the first 3,000 targeted new DBS Treasures clients on a first-come, first-served basis".

So, for the newly joined Treasures members, how do you know you are among the "first 3,000"?
Did you receive any confirmation e-mail message, or confirm with your RM?

For me, I submitted on-line interest using the "Invitation" link on 21 Sep, received a generic Welcome e-mail from my assigned RM on 27 Sep. I dropped a few queries to him via e-mail (esp. on CASA stacking), but have not received any phone call or e-mail reply from him yet

Can you see his contact in your apps?

 

[devion]

Can someone share how was the invite to join treasures? is it via app or email or text?
So if joined treasures, multiplier account able to max to 200k? Can can also signup Casa for it too?

 

[sglandscape]

Have u re-confirmed with your assigned RM that the existing branch CASA in Sep will continue to be in-force even with the Treasures-exclusive Multiplier?

The new Treasures customer promo usually will say cannot stack with other promo usually, early in the year they run some new funds promo, if you newly joined they don't allow to take part.

 

[turtle2018]

Can someone share how was the invite to join treasures? is it via app or email or text?
So if joined treasures, multiplier account able to max to 200k? Can can also signup Casa for it too?

Wordings of Invitation: Refer to Post #9,815 on 19 Sep.
I received (on 18 Sep) via App notification, I think under "Tips & Deals".

 

[turtle2018]

The new Treasures customer promo usually will say cannot stack with other promo usually, early in the year they run some new funds promo, if you newly joined they don't allow to take part.

That's why I'm waiting for the written clarification from my RM.
If my existing CASA 1.58% signed on 3 Sep cannot stack with "Treasures-exclusive Multiplier" ($200k, up t 4.5%), then the marginal increase of interest is not attractive enough for me to switch.

 

[Shalom_555]

Have u re-confirmed with your assigned RM that the existing branch CASA in Sep will continue to be in-force even with the Treasures-exclusive Multiplier?

He said I could keep my existing 100k casa done pre Treasures mbr. I did not get a reply on additional 100k CASA cos my funds were not in then. He said for additional 100k 'by right' cannot stack but he heard some RMs have different takes on this. My 100k will only be in tomorrow to push him for a reply. Suggest that you check directly with your RM cos some things may depend on RM discretion / empowerment etc

 

[Shalom_555]

Rm suka suka interpret to benefit their customers?

Cest le vie, salesman will usually say they make exceptions for you cos' they value your biz/ long term relationship etc

 

[turtle2018]

I login the App, click the push notification on 18 Sep, & now it leads to a new page titled "DBS Multiplier Top-up Interest Bonus Promotion". Not sure if I can copy the link here successfully. If not, can someone else try to do so.


https://www.dbs.com.sg/treasures/tnc-multiplier-top-up-bonus-promo.page

 

[Shalom_555]

That's why I'm waiting for the written clarification from my RM.
If my existing CASA 1.58% signed on 3 Sep cannot stack with "Treasures-exclusive Multiplier" ($200k, up t 4.5%), then the marginal increase of interest is not attractive enough for me to switch.

Joining is free for 6 mths, no need to brin in extra funds etc and you can opt out anytime. Just tell RM or fill up a form to submit online

 

[turtle2018]

The key clause is Para. 12: This Promotion is not to be used in conjunction with any other ongoing Deposits Promotion offers.

 

[Shalom_555]

The key clause is Para. 12: This Promotion is not to be used in conjunction with any other ongoing Deposits Promotion offers.

Yes, by right, it cannot be stacked and if your RM grants you then it is an exception based on his discretion. I cannot fault my RM if he does not grant me this.

 

[Devilsire]

17/9 Received email invitation
17/9 Replied & accepted
20+/9 Received app invitation with form link (did not apply via this)
26/9 Dropped email to enquire status
27/9 Received email reply

Dear xxx,

we are currently upgrading your account to DBS Treasures.
Once your onboarding is complete, you will receive our welcome email. Rest assure that you are qualified for this top up multiplier bonus as you are among the first 3000 customers who have provided your consent to join DBS Treasures.
To enjoy the top-up bonus interest for Multiplier Account, please ensure that you:

• Maintain a daily balance of S$150,000 in your Multiplier Account from October to December 2025.
• Meet the income criteria and satisfy three or more eligible Multiplier categories during the same period.

For full details regarding the Multiplier Top-Up Bonus Interest Promotion, please refer to the attached Terms & Conditions.

Christine is your assigned Relationship Manager, and you can reach out to her for any further queries.

29/9 App changed to gold color
30/9 No assigned RM indicated in app yet

u guys contacting RM via in-app messaging or?

i believe most if not all of us have the following queries to be clarified:
1) Old tranche of CASA (early sep) qualifies for the daily balance of S$150,000 requirement?
2) Possible to earmark new CASA (new Oct tranche), if available, to stack with Multiplier Top-Up Bonus Interest Promotion?
3) Possible to be eligible for 2 CASA of different tranches on the same multiplier account (to be inline with CASA T&C no 5 - For customers with multiple accounts, only 1 registration per account is allowed for this promotion. )
4) if answer to 3) is no, able to withdraw from Sep CASA and re-sign up Oct CASA with a new full 200k

 

[Froggyman]

Who ( join the invitation but yet to received any confirmation) is willing to take the risk to add another $50k tomorrow to fulfill the condition of min $15Ok daily hoping to get the 4.5%?

 

[Froggyman]

Hi! for existing Multiplier customer and newly join DBS Treasure in Sep, other than the app change colour to gold, no need do anything in Sep and only start to top up into multiplier from 01-Oct right?

Have you confirm that you are the first 3,000 to join the treasure?

 

[sglandscape]

Yes, by right, it cannot be stacked and if your RM grants you then it is an exception based on his discretion. I cannot fault my RM if he does not grant me this.

The best is to do it first, before on board to the promo?